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IFAC FOCUS AREAS
- Accountability. Now.
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
|Global Knowledge Gateway||
High-quality business reporting is at the heart of strong and sustainable organizations, financial markets, and economies. It allows organizations to present a cohesive explanation of their business and helps them engage with internal and external stakeholders, including customers, employees, shareholders, creditors, and regulators, while also promoting better internal decision making. Professional accountants are integral to all phases of organizational reporting. Read More
The International Financial Reporting Standards Foundation and the International Accounting Standards Board are reaching out to Islamic countries to elicit their support for IFRS, with a working group dedicated to making sure the standards don’t conflict with Sharia law.
Presentation given by Mario Abela, senior policy advisor at IFAC, at the Gulf Cooperation Council Accounting and Auditing Organization forum on the history and status of integrated reporting, and what comes next.
IPOs, Organisational and Management Accounting Change in Listed Chinese State-Owned Enterprises
March 3, 2014 - Chartered Institute of Management Accountants , Cardiff University, King’s College London, University of International Business and Economics
This paper investigates how management accounting and control practices change in listed Chinese state-owned enterprises following initial public offerings to stock exchanges.
Developing and Reporting Supplementary Financial Measures
February 26, 2014 - IFAC
The Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC) issued proposed International Good Practice Guidance, Developing and Reporting Supplementary Financial Measures, for public comment. This guidance seeks to establish a benchmark for the use of supplementary financial measures, in order to improve understanding of an organization’s performance among management, investors, and other stakeholders.
A recent pilot program of the International Integrated Reporting Council suggests that although IR has the potential to fundamentally change corporate reporting, we still know relatively little about its causes and consequences.
Investor Education video: What Should Investors Expect?
February 14, 2014 - IFRS Foundation
In this video, produced by the CFA Institute, Fred Nieto and Vincent Papa discuss the goals, priorities, and intended outreach of the IASB/IFRS investor education initiative.
A comprehensive international study into financial reporting for not-for-profit organisations (NPOs). The study, conducted for CCAB by academics from four prominent universities, and the first significant research of its kind, assessed the need and demand for stronger financial standards for NPOs internationally.
- Financial Reporting Standards to Pose Challenges for Industries
May 27, 2015 - Indian Express
- Indian Companies not yet Ready for Transition to New Accounting Standards
May 20, 2015 - The Hindu Business Line
- IFRS Foundation Responds to EC's Green Paper and Advocates for IFRS in a Capital Market Union
May 13, 2015 - IAS Plus
- AICPA Debuts Not-for-Profit Section
May 12, 2015 - Accounting Today
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